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Tag Archives: HAMP

Cross posted from WhiteHouse.gov Our military families make many sacrifices for our nation, and not just when a servicemember goes into combat. Military families also face challenges when a servicemember receives orders for a Permanent Change of Station (PCS) move to another base, and the family has to decide whether to go along or live […]

Last week, Secretary Donovan sat down with the Florida Times-Union editorial board in Jacksonville to discuss the recent Obama Administration housing announcements including universal refinancing, HAMP expansion, the Homeowner Bill of Rights and the settlement with mortgage servicers. Some distressed Florida homeowners have relief on the way thanks to a $25 billion national settlement with […]

On February 9, the Department of Justice, the U.S. Department of Housing and Urban Development, other federal agencies, and 49 state attorneys general announced the largest federal and state settlement agreement in history with the five major mortgage servicers for their mortgage servicing practices. This $25 billion agreement is the most significant action to hold […]

An article in last Friday’s Financial Times raises questions about the historic mortgage settlement between the five largest mortgage servicers in the United States, 49 state attorneys general, and the federal government. The article, entitled “US taxpayers to subsidise $40 bn housing settlement,” argues that there is a taxpayer subsidy because modifications performed under the […]